MOST NOTABLE STORIES OF THE WEEK

The US has granted waivers to eight nations including India to continue to import limited quantities of Iranian crude post 5 November and the details of the waiver will emerge eventually, oil minister Dharmendra Pradhan said.

Days before US sanctions targeting Iran’s oil trade take effect, Sanjiv Singh, Chairman and Chief Executive Officer (CEO) of India's largest fuel retailer Indian Oil Corporation (IOC) has said unavailability of Iranian crude in the global market will be a tough situation not only for India but for the whole world.

With an over 30% reduction in imports of oil from Iran in the past few months, India is hoping to be eligible for a waiver on Iran oil sanctions from this weekend. The US State department is expected to announce sanctions and waivers

India on Thursday said it was engaged with the US, Iran and other stakeholders on the issue of American sanctions on import of Iranian oil, amid indications that the Trump administration may grant New Delhi waiver from punitive measures.

India has reached out to UK-based investors to attract international public-private-partnerships (PPP) in the country's oil and gas sector with a roadshow in London. The Ministry of Petroleum and Natural Gas, along with the Directorate General

At least six global companies have shown preliminary interest in partnering India in the development of the second phase of its strategic petroleum reserves. The country imports over 82 per cent of its crude oil supply and has fast-tracked efforts